Tag: SIRG

Blue Horseshoe Stocks: GBSN Review & More

Great Basin Scientific, Inc. GBSN

If it wasn’t already clear why we kept GBSN on bottom-watch for the past three weeks since our initial flag, yesterday’s continued uptrend brought it into much clearer focus.

Yesterday, after we re-alerted our readers that it had finally lifted off from its annual lows with a nice 50% intraday move, we mentioned that we wanted to see the stock establish a higher base of support as well as new highs, and it got a good start toward that end.

From its morning low of .098, the stock hurtled its way up to a daily high of .1389, which represents an intraday swing of 63%, and from its ultimate low of a nickel from the session prior, an overall increase of 178%

Once again, we’ll look for GBSN to exhibit signs of a more sustained recovery in sessions to come; as a quick view of the current chart reveals, the stock is still in heavily oversold territory and still looking bullish. We’ll want to see it maintain support at a minimum of .0785 to consider the uptrend still in effect.

Heron Therapeutics, Inc. HRTX

HRTX is gapping up heavily in the premarket today on the heels of yesterday’s revelation that the company’s bunionectomy pain drug generated exceedingly positive top-line results in Phase II studies. There is a conference call that just got underway at 8:30AM Eastern discussing the results of that study.

Despite the excitement being shown presently, leading up to this series of events, the HRTX Chart was on its way down and looking ripe for further losses, with the PPS sinking below the 50DMA for the first time since early August, a weakening RSI, and a bearish MACD.  We’re going to be looking at a way to take advantage as the stock pulls back off of this morning’s perhaps over-inflated excitement.

If it turns out as we suspect it may, we’ll look for action in the HRTX Weekly $45 and $42.50 Puts, however, in the event that it appears a bigger move up is imminent, we’d need to hop to the other side of the fence, and in that case, we’d most likely look to the Weekly $40 Calls.

Clean Coal Technologies, Inc. CCTC

We first put CCTC on watch a couple of weeks back, including in our reports on both the 9th and 10th of this month. On those first two days, we witnessed a 42% run from .45-.64, which preceded a pullback to a low of .36 the following day (11th).

Since that time, CCTC has been on a steady incline, and yesterday stock reached a new high of .7238, which marks a seven-session swing of 101% Both it and GBSN have clearly demonstrated why it’s smart to keep a continuous eye on stocks appear to present a good opportunity. Occasionally it takes several days for an idea to mature, but as we saw in both cases here, our initial instincts did prove correct.

Extended Watchlist:
SIRG, STTX, EVTI, CMGO

Blue Horseshoe Stocks: CHKE Recap, Options Ideas & More

Cherokee, Inc. CHKE – Update

We flagged CHKE yesterday as a stock we felt was undervalued coming off of a particularly rough month that saw it get beaten back to new 52-week lows. Our ‘bottom-feeding’ sense immediately kicked in, and in a timely fashion at that. The stock did indeed exhibit the early signs of a recovery, registering higher lows than the session prior, and making a modest move up from 14.67-15.83 (+8%).

We’re going to want to continue to track CHKE for the possibility of a protracted rebound (Remember, there is also a massive gap to fill on the chart), and in that event we’ll be looking to possibly take advantage using the CHKE options chain. We’ll look at the only contracts that had open interest yesterday, which were the 10/16 $17.50 Calls (Last Trade: .30).

If CHKE were to regain even half of the ground lost between its current PPS and that of a month ago, those calls will be pushed deep into the money, and would provide us with a chance to profit tidily.

Santo Mining Corp. SANP

SANP is a super-subpenny play we flagged for observation on Monday, and it didn’t take very long for us to observe a nice move from the stock. Following a low of .0003 on Tuesday, SANP has made a good intraweek swing of 133%, trading as high as .0007 yesterday on volume which exceeded the monthly average volume by six times.

There really wasn’t a heck of a lot going on with this play prior to the beginning of this month, and this weeks activity has come on the heels of the company securing a new Chief Market Officer with an impressive resume, so we’ll be interested to follow along and see what he has in store in the way of changes for SANP.

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Added Note:

Speaking of super-subpennies, Embarr Downs, Inc. EMBR has caught our eye this morning as a play that bounced off of its 52-week low and made a brief move into subpenny territory yesterday. We’ll have this one on watch as well, in case further action provides a chance for quick intraday strikes.

Extended Watchlist:
AERI, CVC, SIRG, GTSO,
BGMD(Bottom-Watch)

Blue Horseshoe Stocks: Bottom-Play Roundup & More

Last Week’s Bottom-Bouncers

We were tracking a couple of stocks and an ETF that we put on bottom-watch heading into the end of last week, and are happy to report that we’ve seen the beginnings of some nice rebounds on those fronts.

Direxion Daily Nat Gas Bull 3X ETF (GASL)
It started with the triple-leveraged natural gas bull fund, GASL, which we caught coming off of its 52-week lows and entered into the conversation on Thursday. At the time we would witness a PPS low of 4.88, and after a nice initial run that day, GASL would go on to register a high of 6.98 on Friday. That marked a timely call on our behalf which opened the door for overnight profits of up to 43%

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LINN Energy, LLC (LINE) & Linn Co, LLC (LNCO)

We tagged this linked pair on Friday, noting that one is a publicly-traded wholly-owned sub of the other, and that the chart patterns were virtually identical. Traders could have latched on to either, and witnessed the reversal we called for on the charts.

The move for the parent, LINE, was recorded as a run from 2.73-3.83, a 40% intraday swing. The subsidiary, LNCO, ran 34% from 2.46 to 3.29. Both very respectable single-session moves.
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We’ll continue to monitor all three of these plays for the possibility of continued uptrends as we kick things off this week. We’ll look for each one to register higher lows, building a higher base of support than we witnessed on Friday.

Pazoo, Inc. PZOO – Update

We re-tagged PZOO on Friday, pointing out the recovery that had been transpiring on the chart, and we were granted another nice opportunity by the stock. We watched as it ran from a daily low of .0059 and went as high as .0073

In the video chart we drew up for PZOO in that report we mentioned we wanted to see a break of the 50DMA (.0061) and we’ll look for the stock to maintain support at or above that level on any pullbacks. The next area of key resistance crops up at the 200DMA of .011.

The company had a conference call last week (>>>Read Transcript or >>>Listen to Call) which went over a vast array of important topics. We suggest taking the time to go over that; highlights included financial and share structure data, as well as information regarding all branches of the company’s rapidly expanding marijuana testing business.

The Medicines Co. MDCO

Setting off our abnormal volume scanner this morning was MDCO, which looks ready to fly with un-traded upon news regarding a cholesterol study hitting the wires on Sunday. The stock is up considerably in the premarket, so we’re going to formulate a potential quick-hitting options idea for intraday/intraweek flip opportunities- We’ll be looking for the possibility of dip-and-rips in the range of MDCO Weekly $38-41 Calls.

Extended Watchlist:
SIRG (Subpenny Momentum Play)
BONT, SFXE, GBSN (Bottom-Watch)